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>>> glad to have you with us on this edition of "newsline." it's tuesday, november 13th. i'm catherine kobayashi in tokyo. japan's prime minister is getting caught up in his own words. yoshihiko noda suggested a few months ago he would call an election. members of the opposition are putting more and more pressure on him to follow through. but he faces divisions within his democratic party. noda said during the summer that he would call an election in his words some time soon. he says he stands by his promise. >> translator: i am responsible for my own words, and i take their weight very seriously. >> noda told his party's secretary general on sunday that he's thinking of dissolving the lower house by the end of the year. noda set three conditions for calling the elections including passing a debt financing bill. lawmakers expect to enact the legislation soon. kosishi says dissolving the diet would create a political vacuum. >>> we may soon see more american oil tycoons. yu yu yu yu yuko fukushima joins us now. >> we're hearing that the united states will become the world's
of early elections. one of the world's biggest consumers of fuel may be self-relia self-reliant. u.s. us a makers churn out car after car but it seems americans will making more fuel to power them. >> that's light. industry analysts expect a major shift will take place in the near future. we're hearing the united states will become the world's largest oil producer in the next five years. the iea said u.s. oil output would surpass saudi arabia. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient in energy by 2035. that's due to an expected surge in production of shale gas. a type of natural gas trapped in under ground rock. america relies on it for 20% of import needs. now let's get a check on the markets. the yen is losing ground slightly against the dollar and the euro. dollar/yen is changing hands at 79.57 and the euro/yen is quoted at 100.99 to 104. debt stricken greece could get bail out funds. share prices are rising slightly in tokyo. this morning the index stands at 8,695. that's up about two-tenths of a percent. the index fell six days
general and their women woes. a scandal among the u.s. top brass claims a second scamp amid growing concerns of a security breach. first, the c.i.a. boss general petraeus quits over an affair. now, john allen, email ex changes connected to the scandal. >> also in the program, we report from golden heights where tension is rising after israel and syria exchange fire across their border. in china, it's all change at the top. we have a special report on how the next generation is determined to tread its own path. >> i would like to be a software engineer. >> so you don't want to do the sort of things that your parents did? >> never. >> hello, it's midday here in london, 7:00 in the morning in washington. there's been a new twist to the sex scandal engulfing the american military top brass there. on friday, general david petraeus resigned as boss of the c.i.a. after it was revealed that he had been having an extra marital affair. now general john alan has been drawn into the scandal after what is being called inappropriate communications with a woman also linked to the affair. he has de
's to u.s. lawmakers: avert the fiscal cliff, or risk a credit downgrade. >> tom: i'm tom hudson. we're going global with legendary investor mark mobius, franklin templeton's top strategist on the state of emerging marketnow. >> susie: and picture this: the u.s. is just a few years away from being the world's top oil producer, and self-sufficient. we'll tell you who's making that prediction, and investment strategies for your portfolio. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s.'s top-notch credit rating is at risk. that's the warning today from moody's investor's service. the ratings agency told u.s. lawmakers that when it comes to the fiscal cliff, the time to act is now, not next year. moody's said if action on averting the cliff is delayed until 2013, it might downgrade the stellar credit rating on u.s. debt. right now moody's has a negative outlook on the u.s. economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fisca
facilities are so far in the ground that israel does not producing a satisfactory assault. they would need u.s. plant emissions to carry some of those weapons. perhaps that might give some hope there would be communication, if there is an attack down the line, that the two countries would be to work together and cordray. host: 3 more, go to foreignpolicy.com. thank you for talking to our viewers. guest: thank you for having me. host: that does it for today. we will be back live tomorrow morning but lawmakers make their way back for the lame-duck session that begins today. we will be up there taking your calls and your comments and questions. thank you for watching today. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> on the c-span networks, getting under way momentarily on c-span 3, symposium on the so- called fiscal cliff including automatic tax hikes and spending cuts unless congress acts by the end of the year. it is hosted by the new america foundation. right now, a discussion on yemen and the fight against al qaeda just
.1 million barrels a day. impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next few years. >> oil 110 at the moment. is that a fair price? >> there's premium built in because of geopolitical risks. i think premium is probably justifiable. you look at wti at $23 discount to where breptd is. that's not sustainable in the long time, but given inventory levels, that will stay. >> do you keep your trade on oil? >> we have neutral position, but we're short the front month. respe respect. we make money by rolling the contracts the other way around. we're long oil in the 12 months forward rolling in to the 13th month and we end up with little more oil with that strat
unspent that can go out and serve unserved america today. the same issue will be in front of us in 2013. that's what windstream's waiver is all about. is there other ways to think about this other than setting this $775 limit? beyond that, i think getting on to the model that we need going forward for universal service funding. the industry, put forth a model, but the fcc needs their own model which will drive calf too, that's where the energy needs to be put. that's where the biggest bang for the buck will be in the business because, remember, as we looked at these more than minor changes in the financials of the telephone companies across the country, it was so important that we do these two things coi understand didn'tly. -- coincidentally. we got out of sync, one down efficiently and fast. we just have to work the usf thing, and it's about the consumer. >> host: jeff gardner, president and ceo of the windstream corporation. he is also chairman this year of the u.s. telecom trade association. he's been our guest on "the communicators" along with paul barbagallo of bloomberg.
allen is the top u.s. commander in afghanistan. was nominated to become nato's supreme commander as well. he has denied any wrongdoing. so, how are these people linked to the scandal? how are they connected? follow us. we'll try to explain this. general patreaus resigned after admitting to having an extra marital affair with paula broadwell. a friend jill kelley asked to investigate harassing e-mails see whas receiving from paula broadwell. the "wall street journal" saying the fbi agent who initiated the investigation at kelli's request is under scrutiny. the agent has not been identified but allegedly sent kelley shirtless photos of himself. started with a complaint about harassing e-mails. he here's what we know about the woman who made that complaint, jill kelley, married to a cancer surgery, she has three daughters, lived in tampa, well-known among washington social circles. they have been friends with general patreaus and his family for five years. friends describe kelley as an innocent victim about e-mails accuse kelley of flirting with patreaus. how does this impact the careers of
performed by national captioning institute] >> the u.s. house gavels in to begin their first bit of legislative work starting the lame duck session, four bills including on asthma inhalers and gavel back out when they finish to return for votes at 6:30 and we expect them to swear in a number of members filling out the remainder of terms for the 112th congress. we expect those to happen during the upcoming votes at 6:30 this evening. the senate also in session today and they have been dealing with a bill drk working on rules to federal land to federal hunting and fishing and the house and senate committees getting under way this week. the intelligence committees in particular off the floor, the intelligence committee of the senate and the house will be meeting in closed session to look at the attack in libya in benghazi this week. tomorrow on c-span 3, we will be covering a hearing looking at the meningitis outbreak. that is tomorrow morning at 10:00 eastern, c-span 3. the president will be hosting a news conference. we do not know the time of the news conference yet. this will be
these graphics. what i thought i would do is simply pull some basic terminology out for us, give us some basic language. and i thought i would do it since we are so well educated now, it's about time to kick us all out into the real world and use our six dimensions of religion. i thought i would take our six dimensions of religion, put it in that framework and just, we are not pretending as always that we are learning everything about east asian religion, but what we are trying to do is draw out some key answers to profound life questions here. anyway, looking at the graphics. first off, difficulty number one, if we haven't already listened to some other difficulties for westerners looking at this, we are so used to labeling. but when we think about the picture of chinese religion, it's a combination of confucianism, taoism, and buddhism in the mix, perhaps some christianity, some folk religion. we'd move to japan and we'll see the same set but also with shinto elements in there so it's a full world view, a full lifestyle, we have to keep that in mind even though we are dividing things up. so
that bring us any closer for farther away from a deal? the cliff, a deal. millions of us use the product he invented, this man, right here, to keep our computers safe from virus. as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest counties in the country. my mere and father-in-law got theirs back last night, but they still have no heat, no hot water and no laundry. we sent gary gam minute ski into the mess in his home up to with two cameras and what he came back with will stun you. sue is live at the new york stock exchange. sue? >> i have seep a little bit of that ty, you don't want to miss gary's story in a few minutes much the markets have been up and down on either side unchanged today. right now the dow is in the green by 22 points, the s and p up about 2.75 points. nasdaq negative by a quarter percent. gold market, a little profit taking there, well up above the 1700 level. west texas int
in this age moving forward there are some elements of cooperation with labor migration. u.s. imports 2 million immigrants this is a trend that will increase. of course, some 10 trees it matters more. >> i would agree there is no appetite for a plush former integration our bilateral engagement. of the same could be said for china are other countries in asia. there are rumors floating around they try to have the unprecedented meeting of all heads the state's in his similar in the caribbean with a strong component that china can cooperate with every 10 but not economic engagement in particular. >> [laughter] that is the next summit of the america is. >> i am proud and honored to introduce two individuals. he is a former staff sergeant of the united states army. he is the first living person to receive the armed forces medal of honor for actions that occurred after the and vietnam war perry dead -- be it now war. the major general was awarded the united states highest military decoration for heroic actions in 1968 during the vietnam war. he served on active duty in the marine corps over 33 years b
spread further. now it is the actions of the top u.s. commander in afghanistan called into question. failing its mandate, the bbc gains access into an internal report showing the united nations failed to protect civilians in sri lanka. >> they left actually at the moment the population needed them more than ever. the government wanted them out of the way essentially because they didn't want anyone to see what was happening. >> running the world in just a week. a marathon man on a mission that boo leave most of us in the dust. welcome to our viewers on public television in america and around the globe. bizarre. it is the only way to describe the scandal that has already claimed the job of the c.i.a. director and now has america's top commander in afghanistan under investigation. both are strange enough, but how do you explain the addition of a shirtless f.b.i. agent and 30,000 e-mails. here is the latest. >> it is a washington drama with a stellar cast. the spy chief, the top general and two women who soon found themselves at the heart of american power. the lid came off the scandal
. so brian's been helping us out with that along with loretta and the american ireland fund. thanks of course especially to president joya who has made me feel so welcome here and to dean of the mcdonough school of business and to j.t. right there who is learning the cords of sunday, bloody sunday instead of doing his homework. that's president's son. [applause] >> all right, j.t. and amu menam. you know, look at that. this is going to -- this is the spirit. and that is going to change the world. you have it in here in this room. you can feel it. and what a room it is, by the way. wow. i mean youtube has play -- i mean u 2 has played some nice halls. i don't know if this is a lectern or a pulpit, but i feel oddly comfortable. it's a bit of a worry, isn't it? so welcome to pop culture studies. 101, please take out your notebooks. today we're going to discuss why rock stars should never ever be given microphones at institutions of higher learning. you will receive no credits for taking this class. i'll even -- not even street credits. it's too late for that. i will be dropping in odds
part of the historic results of this last week where he had 20 women in the u.s. senate, and historic number and rebecca rightly reminded us that it was in part because of things like emily's list that i want to have a conversation about the kind of institutions and the organizations that have been working quiet they all this time to make this moment possible. i don't have to say something about emily's list. >> families list within washington politics, it is an incredibly powerful force. at some point they were the largest organization. i don't know if that's still true, in the day of the super pacs, they are not the largest anybody. so emily's list is an organization that supports democratic pro-choice women for all kinds of offices around the country. they are very powerful and have been working really hard for a long time to get more women effect did. other celebration about the creator of the woman, sometimes you want to say this is terrific progress in other times you say wow, 20%. but it's very, very work getting women elected. so i cited emily's list because they're the bigge
us tomorrow. "squawk on the street" begins right now. >> markets waking up to the first full day of business after yesterday's holiday and the news flows back in full swing. good morning. welcome to "squawk on the street." i'm carl quintanilla along with melissa lee, jim cramer, david faber live at the new york stock exchange. futures in the red on cautious commentary from some retailers. management shake-up at microsoft and weak german business sentiment and this prolonged spat between the eu and imf over how to reduce greek debt. a beat and raise for the quarter for home depot. >> the man in charge of whippedos eat leaves microsoft just weeks after the product launches. >> jcpenney hits new lows. investors have to recognize that jcp is really two companies. we'll hear what he told becky, andrew and joe. >> lockup of all facebook shares tomorrow. >> first up, shares of home depot rising in free market pchlt home improvement retailer earned 75% a share in the quarter. that beat estimates. home depot raising full-year guidance citing signs of recovery in if the housing market. jim
are facing across the pond but also the situation we're facing right here at home. watch out, the u.s. could become the next grease. plus we're going back to the global leadership conference where she is surrounded by all kinds of business leaders. what do you have coming up? >> we were surrounded when richard branson was here. they scattered, they all went to go listen to what is of ccurse one of the most exciting and innovative entrepreneurs on the planet. coming up, another one, this time jimmy wale of wikipedia, the cofounder. you and i haven't spoken to him in the past. boy is he speaking now. all kinds of discussions about the influence that wikipedia now has today in the biggest of the big news stories and his thoughts on the stop on the piracy act that was stopped in part because he went and put wikipedia into the black, turned it off when he wanted to protest that act. we will talk to jimmy wales, one of the top entrepreneurs in america with what is next with him and wikipedia. david: thank you very much. before all of this stuff we will tell you what drove the market with the "data
. thanks for joining us tonight. >> glad to be with you. melissa: what do you think is the answer to this problem? >> i think whatever mitt romney's closest advisors say is probably not the answer because we had a referendum on that. but, gosh, the answer is very, very clear, melissa. the president's own people have said that he has said it repeatedly, everybody should pay their fair share. now i do think we probably should set up a line of poverty and below that no tax, but set up a flat tax. if you make more, you pay more. if you make less, you pay less. only have two deductions for mortgage interest and also for charitable deductions. rest of it goes away. and let's make the capital gains 15%. let's leave it 15%. make a flat income tax of 15%. let's make the gift tax 15%. make estate tax 15%. you will see the economy explode. you will see all kinds of revenue come in. use the president's own words. everybody should pay their fair share of flat tax. melissa: i couldn't agree with you more. it is a fantastic idea. it will also never happen. so what do you think is the real soluti
% in the last year. we have cnbc tech reporter jon fortt will join us in a little whirl with more on the story at 7:00. and the new york stock exchange anticipate as normal session today after trading in more than 200 stocks were suspended yesterday due to a technical problem with a server. stocks in question continued trading in other markets. and a little goldman sachs news. they will reportedly tap the smallest nuch executives in more than a decade to join it highly coveted partnership ranks. goldman exacted to announce the promotion of only about 70 employees to partner. roughly one third less than knows named back in 2010. >> did your buddy make it? i have to explain as -- greg smith didn't make it? >> no, he did not. >> are you sure he wasn't on the list? >> he was not on the list. i think that's one of the reasons he ended up writing that book. i believe he made have made more money writing that book than some partners made this year. >> you checked, he is definitely on the -- >> pretty confident he's not. best headline of the day goes to the daily news. in the line of booty. i didn't g
captioning sponsored by macneil/lehrer productions >> ifill: general john allen, the top u.s. commander in afghanistan, is under investigation for sending messages to a woman linked to the scandal that forced c.i.a. director petraus to resign. good evening. i'm gwen ifill. >> brown: and i'm jeffrey brown. on the newshour tonight, we get the latest on what were termed "potentially inappropriate" e- mails and documents, and we examine if and when the white house and congress should have been alerted. >> ifill: then, the senate and the house of representatives get back to work. judy woodruff looks at the long list of challenges ahead. >> brown: one item on the agenda is the so-called fiscal cliff , and that was the focus of a white house meeting today with liberal leaders. we talk with two participants. >> ifill: plus, from "our food for nine billion" series, special correspondent mary kay magistad reports on china's moves to satisfy a growing demand for meat. it has transformed lives and diets over the past 30 years meat con suption per cap to has quadrupled and city dwellers e
's a potential ticket that they are facing, but who knows? maybe they will give us an early christmas present at wrap up a lot of this business. >> i just remembered, chuck schumer and i think lamar alexander the pushed or are trying to push this bill through the senate that would reduce the number of appointees that the senate has to confirm. i don't know that the house will go along with it, but that could come back in the 113th spent on on that optimistic note, i think we are adjourned until after lunch. it's alcohol to your right, and we will reconvene down there a little bit. thank you. >> and live naturally form with a number of leading economist and political scholars on the economy, national security and so-called fiscal cliff. economists for peace and security and the new america foundation's economic growth program are hosting this panel discussion. this is expected to last to go to early this afternoon. this is live coverage on c-spa c-span2. >> questions of military security, national security, economic security, social security, with the broad questions that we have all been grap
heroes because they stood up and said, "you are not going to take the vote away from us." some people stood in line for six, seven and eight hours. some had been in areas that had been damaged by the storm. and i just think that they were there upholding democracy. so that's the first thing that i remember about it. >> they were also there making delicious pecan tarts. because when i voted, the kids in the school were selling baking goods, and they were having a great time of it. what will you remember? >> oh, that's a tough one to say. i think that for a lot of conservatives and a lot of republicans this was a very disappointing election that opened a lot of folks'yes some of the deeper changes that have happened in the country, much more so in some respects than the 2008 election -- which i think a lot of folks wrote off as a one off, as a fluke, something that reflected very unique historical circumstances. but i think this election really did demonstrate that there's been a dramatic change, particularly with regard to social issues and how folks talk about them. so i think that th
to the department of defense the matter involving general john allen. >> the pentagon is rocked as a top u.s. general is linked to the petraeus scandal. >> the u.s. commander in afghanistan is under investigation for alleged inappropriate communications with jill kelley. >> the sex scandal began when kelley received harassing e-mails from petraeus's biographer and mistress paula broadwell. >> federal agents were at paula broadwell's north carolina home last night for more than four hours. >> the fbi agent who launched the investigation that led to petraeus resigning is himself being investigated. he sent shirtless pictures of himself to ms. kelley. >> where do shirtless pictures come into the scene? >> you know, remember when we said you couldn't have made this case up. >> president obama will likely nominate u.n. ambassador susan rice to replace hillary clinton as secretary of state. >>> the founder of the mcafee software company is wanted for questioning in a murder. mcafee hasn't been seen since. >>> a scandal on "sesame street." the puppeteer who performs as elmo admitted to having a rel
in giving back to those, the veterans that dedicated to much so us. >> reporter: currently, mission solano houses 20 veterans. it is opened 24 hours a day. >>> at arlington cemetery, families can use an app to find their loved ones. there was a scandal regarding unmarked graves. since then, they photographed the graves and created a mobile phone app. >>> a second woman linked to the david petraeus scandal is asking for privacy tonight. jill kelly brought the affair to life. she claims broadwell sent her threatening e-mails warning her to stay away from petraeus. he was stunned to learn about the threatening e-mails. the sudden resignation of petraeus left congress if you wereious. they want to know -- why they were not told earlier. some senators want to know if national security was put at risk. >> the general accepted down days before he was expected to be here testifying in front of the senate intelligence committee on the benghazi at tacks. the cia is in the spotlight as they prepared to be grilled about the attack. they are now criticizing the fbi, the department of justice and the wh
preventing the u.s. economy from falling off the fiscal cliff. while washington struggles on a fiscal cliff deal, what should you do about your portfolio? jeff applegate has some answers. he's chief investment officer at morgan stanley smith barney. and home depot hammers home strong gains and lays the foundation for a strong quarter ahead. that and more tonight on "n.b.r." it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and getting a deal on that fiscal cliff is right at the top. darren
and devaluations that have to be gone through. before we really know anything. haazig madyun >> let us take a closer look at the bat hit. nearly everybody who thought that a concussion was causing. what jim harbaugh said this is what caused the blurred vision. first let us take a closer look that the cat. right here. smith got popped added that it -- that hit.. and the coalition in the slow motion halt his head went sideways and down. he did stay in the game and the second play this is what jim harbaugh caused them to have that power division. although replying, it really does is show this is a difficult perspective. perhaps that could have been playing a role on the concussion and a difficult day for alex smith. >>pam: joining us kron 4 sports director, gary radnich. >> grant lotus, and i should have been on before him. but i am not happy at also. >> the save the best analysis for laugh last- >> we showed you about this first quarter it was a quarterback sneak. one thing is for sure is that he stayed in the game but alex smith started complaining of a blurred vision and tried to shake it o
: remember, you can send us a clear message, post your comments on facebook, or send us an e-mail, journal@c-span.org. courtesy of the newseum, washington, front page of that newspaper and many of the newspapers this morning, including "the washington post," liberal groups prepare for an entitlement fight. this is what zachary goldfarb rights. -- writes. host: there is what president obama said in the past that he might do. we're turning to you outside washington today to get your take on this. can it be part of a grand bargain to avoid a fiscal cliff? bob, your first. caller: i never understood, when you are eligible of age to go on medicare, that that is the simultaneous with social security. i do not understand why those are staggered. for all the republicans out there, i agree, i am a fiscal conservative, that the very least to raise the eligibility age from 65 to 67 in medicare should absolutely be on the table. i would like to say, i do not get why we do not use our institutions, government institutions. to allow for people like myself, i pay about $7,000 per year out of pocket or an
ishihara to lift us out of this slump. >> translator: he performed well as a tokyo governor, so i have high hopes for him. >> reporter: but ishihara's power base is uncertain. the new party has only five members, all from the former sunrise party of japan. so ishihara has already started seeking collaboration with the japan restoration party. whether ishihara can really become the major third power depends on if we can achieve the tie-ups with the other parties. ishihara also needs to appeal to many floating voters because they are one of the major determinants of the shift of power in the next general election. mitsuko nishikawa, nhk world, tokyo. >>> the most powerful people in china are now busy deciding the country's future. communist party members have been in beijing since thursday at their national congress. attendants are excited about the hottest topic on the table -- who will make up china's next generation of leaders. party officials will reportedly unveil the new lineup on thursday. but a human rights campaigner says the only way china can move forward is to move towards democra
and took refuge in the u.s. embassy. after tense diplomatic negotiations officials permitted him to travel to new york with his family on a student visa. chen is just one of many activists who put it all on the line to go toe to toe with the chinese government. we met another human rights campaigner who says the only way for china to move forward is to move toward democracy. nhk world's makoto oda has his story. >> reporter: 39-year-old fujia is one of the democracy activists who are being watched closely by the chinese government. he's been involved with environmental issues and also campaigned for the rights of hiv patients. in 2007 he was arrested after he criticized the government on the internet. he was charged with plotting subversion against the government. and in 2008 he was sentenced to 3 1/2 years in prison. he finally returned to his home in beijing in june last year. >> translator: the communist party doesn't care about people's suffering, only protect v texting its one party dictatorship. we must transform this country into a democracy. this would lead to benefits for every ch
to the department of defense a matter involving general john allen. >> the pentagon is rocked as a top u.s. general is linked to the petraeus scandal. >> u.s. commander in afghanistan is under investigation for alleged inappropriate communications with jill kelley. >> the sex scandal began when kelley received harassing e-mails from petraeus' biographer and mistress paula broadwell. >> fbi agents were at paula broadwell's north carolina home last night for more than four hours. >> the fbi agent who launched the investigation has sent shirtless pictures of himself to jill kelley. >> you know remember when we said you couldn't have made this case up. >>> president obama will likely nominate u.s. ambassador susan rice to replace hillary clinton as secretary of state. >> the founder of the mcafee software company is wanted for questioning in a murder. mcafee hasn't been seen since. >>> evacuated south of san francisco, huge water main break, cars up to their tires in water and mud. >>> a flight in brazil almost ended in tragedy and every dramatic moment, all of it
down slightly. but that doesn't stop us from looking for ideas on "mad money." yes, we have an entirely man made crisis. one that could not only cause a huge wave of firings and curtail retail spending dramatically, but it's also driving people out of a stock market where individual companies are giving you positives that would normally provide a tremendous backdrop to a higher market. you know there was a time when some good news over multiple sectors would produce a bountiful bull. yes, where enough good things occurred with individual companies that the sum total would produce overall gains in many stocks. we used to call this pin action. now we get nothing. no spillover. the one pin gets knocked down. and nothing else falls with it. let me just go over some of the good news, some of the knocked down one pins just today that are being obscured by this darn cliff walk. let me show you what you might have missed and will continue to miss until president obama convenes all the leaders of congress and sends them to camp david to hammer out an agreement in time for the holidays. don't you
a program about alleged child use by a former bbc star was dropped. the director general resigned following another report accusing another politician's sex abuse. >> is this the man to save the bbc? the broadcaster's crisis has claimed some senior staff. tim davies is charged with studying the ship. it was the flagship news program, "newsnight" that made two mistakes, wrongly accusing politicians. that led to the resignation of the director general. the new acting boss is trying to reestablish public faith. >> it has been a very difficult episode and the bbc it is all about trust. bbc needs to be trusted. if we have not got that we have not done anything. what i have done over the last day at has been a busy day, have focused on creating a simple change of command in the news and worked on how i can get assurances as the man in charge in the output we have to be trustworthy. >> that means a reshuffle. two senior executives, and her deputy have been asked to step aside for the time being. already there is a new headache. questions in parliament. his $700,000 severance package has been criti
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